#SOL
Buying point:
Initial buying range: If the price further pulls back to the 120.00 - 122.00 USDT area, you can consider buying for the first time. This area is close to the lower track of the Bollinger Bands, and there is a potential technical rebound.
Breaking through the buying point: When the price breaks through 130.00 USDT and the trading volume increases, you can consider adding positions. This is a short-term resistance level. The market may strengthen further after the breakthrough.
Take profit point:
The first take-profit target: When the price rebounds to the 134.00-136.00 USDT area, which is the middle rail of the Bollinger Bands and the EMA (25) pressure level, partial take-profit can be considered.
Second take-profit target: If the price can break through 140.00 USDT and approach 145.00 USDT, it is recommended to further take profit, which is a higher resistance level.
Stop loss point:
Stop loss setting: If the price falls below 120.00 USDT, stop loss immediately. This area has been an important support level in the near term, and a break below could push the market further down to 115.00 USDT or lower.
Technical indicator support: EMA(7) and EMA(25): The short-term moving averages EMA(7) and EMA(25) show a more obvious downward trend, indicating that the market’s rebound momentum is weak in the short term and the pressure is still high.
Bollinger Bands: The current price is close to the lower track of the Bollinger Bands, indicating that the market is oversold and there is the possibility of a rebound in the short term, but the overall pressure is still high.
